Hutchinson Port IPO may raise up to $6.4 billion

ChrisOliver

HONG KONG (MarketWatch) -- Hutchison Port Holdings Trust said Monday it expects to price its Singapore listing within a range of 91 U.S. cents to $1.08, according to newswire reports which cited the listing prospectus. If the shares price at the top end of the range, and an option to enlarge the offer is exercised, the deal could raise as much as $6.4 billion, becoming the largest initial public offering in Singapore's history, according to reports that cited materials released by Hutchison Port Holdings, the parent company controlled by Hong Kong tycoon Li Ka-shing.

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